Lending for Auctions

[Benjamin Lovinger]

Hi All 

Long time follower, first time poster. Looking for some ideas for financing for local sheriff foreclosure sales and Auction.com sales. I have had success purchasing properties through the foreclosure auctions but my private lender backed out due to Covid-19. It's basically the brrrr method but I am having trouble finding a lender that will work with me not knowing the exact purchase price. Obviously, I do all due diligence and analysis prior to auction but in some cases the purchase price my be a few thousand more or less than projected depending on bidding and most lenders do not like that. I have $80,000 on hand but need $110,000 more. Possibly some sort of LOC would be ideal.

Any ideas out there that could help me?

TIA, 

Ben